Daily News Inventory - 9th Sep, 2014

  • Decline in investment growth can be arrested: RBI

    ·         The Reserve Bank of India (RBI) in its latest bulletin released said there is hope that the decline in investment growth rate could be arrested this fiscal.

    ·         The central bank of India in an article "Corporate Investment: Growth in 2013-14 and Prospects for 2014-15" published in the bulletin said: "As evidenced from various economic indicators, there is a renewed hope that this decline could be arrested in 2014-15."

    ·         According to the article, an estimated capital expenditure of Rs. 2,513 billion (40 billion dollar) would have been incurred during 2013-14 showing a decline of 17.9 percent over the previous year.

    ·         According to the RBI, based on the plans up to 2013-14, the capital expenditure already planned in 2014-15 aggregated Rs.1,242 billion.


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Daily News Inventory - 8th Sep, 2014

  • Govt may make key appointments without LoP

    ·         The government has decided to go ahead with the appointments to various statutory bodies like CVC, NHRC and Lokpalwithout the Leader of Opposition in the Lok Sabha as a member of the selection committee choosing them.

    ·         The move comes following a recent reference from the Lok Sabha secretariat in this regard.

    ·         The Department of Personnel and Training (DoPT) had written to the Lok Sabha seeking information on the LoP. The secretariat has informed the DoPT that there is no recognised LoP in the Lok Sabha.

    ·         Lok Sabha Speaker Sumitra Mahajan had rejected Congress' demand for LoP status for its nominee.


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Daily News Inventory - 6th Sep, 2014

  • LG to decide Delhi government formation: Home minister

    ·         Evading a direct reply on the government formation in Delhi, union Home Minister Rajnath Singh said only the lieutenant governor can take a decision in this regard.

    ·         "Only the LG (Najeeb Jung) can say what will be done. Only he can take any decision," Rajnath Singh said when questioned about the prevailing political situation in Delhi.

    ·         Asked what would be the home ministry's recommendation to the president on the issue, the minister said: "The president has not sought our advice."

    ·         He, however, refused to comment on allegations of MLA poaching against the Bharatiya Janata Party (BJP).


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CSAT Paper II 2014 Answer Key

UPSC Exam 2014 Question Paper

GS Paper 1 Answer Key Prelims 2014

4:35 a.m. – Why am I awake?

  • Is something wrong with me? I should not be awake at this hour. The rest of the world is fast asleep. But then that’s the point I am trying to prove here – I am not like the rest of the world. For as long as I can remember, the dream had been running ahead of me. This time I have taken the lead. I am one step ahead of the dream and I will keep pressing ahead. Oh I am so done with sleeping. I am done with dreaming. I am done with watching the show with my nose pressed against the glass. I am now swinging the door open and stepping inside the arena. It has begun – the countdown to MY show. I am counting months, weeks, days, hours…and I will make them count soon.

    (A page from the diary of the TestCracker of tomorrow)

    © TestCracker 2013


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Quote of the Day

  • "Don't think about who you have been.  Who are you now?  Who have you decided to become? Make this decision consciously.  Make it carefully. Make it powerfully..." 

                                                                                                     ~ Anthony Robbinsr


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Quant & Puzzle Inventory - 46

The Burning Issue: In a spot: NSEL Saga

  • It’s raining scams! After Securities scam in ’92 (More commonly known as Harshad Mehta scam) and KP scam in ’01, following the cycle of 10 years, this time, an entire exchange was fabricated on treachery of its promoters. The scam is a systematic fraud perpetrated in the commodity market by National Spot Exchange Ltd. The supposedly 5,600 Crore Rs fraud came out in the public domain after NSEL failed to pay out its investors in commodity pair contracts after 31 July 2013. Let’s have a summarised look at the seedy insides of the exchange which was once a darling of the markets and the ministry too.


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